201 E Lake St - Apartments FOR SALE


Minneapolis, MN 55408- Central
$1,990,000 USD
651-398-7653
201 E Lake St, Minneapolis, MN for Sale
$1,990,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

201 E Lake St
Minneapolis, MN 55408
Central


OVERVIEW

Prime Location: Situated in the vibrant and dynamic area of Lake Street, this property offers a unique investment opportunity in one of Minneapolis's most sought-after neighborhoods. Versatile Space: With a significant total square footage of 19,268 sq ft and an above-grade area of 14,457 sq ft, the building provides ample space for a variety of commercial uses. Zoning Information: The current site is zoned C2 (Neighborhood Corridor Commercial District), offering flexibility for a range of commercial activities. Existing Tenants: The property includes existing apartments on the 2nd and 3rd floors, adding a residential component to the investment.

FOR SALE DETAILS

PRICE

$1,990,000 USD

PRICE/SF

$50 USD /SF

# OF UNITS

15

PRICE/UNIT

$132,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1901

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

C2

APN/PARCEL ID

03-028-24-12-0023

ASK ABOUT THIS PROPERTY

James YacoubNorthStar Real Estate AssociatesMore Info
651-398-7653

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James YacoubNorthStar Real Estate AssociatesMore Info
651-398-7653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.